New Reporter
07-09-23, 13:38
Record number of million-dollar flats sold in August; HDB resale volume jumps 20.3%
Sep 07, 2023
THE number of million-dollar flat transactions hit a new high in August 2023, in tandem with a 20.3 per cent jump in resale Housing and Development Board (HDB) flat volumes.
Flash data from real estate portal SRX and property agency 99.co released on Thursday (Sep 7) showed that 54 HDB flats changed hands for S$1 million or more during the month, up from 32 units in July 2023.
The previous high of 45 such transactions was recorded in September 2022, following news of property cooling measures.
The most expensive resale flat resold was S$1.48 million for a five-room unit at The Pinnacle@Duxton. For non-mature estates, the highest transacted price was S$1.08 million for an executive apartment at Woodlands Street 81.
The data also showed that resale volumes rose to 2,473 units in August, compared with 2,056 the month before. Year on year, resale volumes were 6.4 per cent higher. More than half of HDB resale volumes (59.7 per cent) came from non-mature estates, while the remaining 40.3 per cent were from mature estates.
By room type, 44.6 per cent of volumes were from four-room flats, followed by 22.8 per cent for five-room flats, 26.3 per cent from three-room flats and 6.3 per cent for executive flats.
Resale prices were up 0.6 per cent in August, double the 0.3 per cent growth recorded in July. Year on year, resale prices were up 7.2 per cent.
Flats in mature estates led price gains at 1.3 per cent, while non-mature estate prices rose 0.5 per cent. They were up 7.2 per cent and 7.3 per cent, respectively, on the year.
Larger flats also posted the highest jump in prices. Executive flat prices were up 1.6 per cent and five-room flats grew 1.5 per cent. Four-room flat prices climbed 0.9 per cent, while three-room prices slid 0.4 per cent.
All room types observed an increase in resale prices from the same period last year. Four-room flats led with an 8.2 per cent gain, followed by executive flats (8 per cent), five-room flats (7.2 per cent) and three-room flats (6.3 per cent).
https://www.businesstimes.com.sg/property/record-number-million-dollar-flats-sold-august-hdb-resale-volume-jumps-203
Sep 07, 2023
THE number of million-dollar flat transactions hit a new high in August 2023, in tandem with a 20.3 per cent jump in resale Housing and Development Board (HDB) flat volumes.
Flash data from real estate portal SRX and property agency 99.co released on Thursday (Sep 7) showed that 54 HDB flats changed hands for S$1 million or more during the month, up from 32 units in July 2023.
The previous high of 45 such transactions was recorded in September 2022, following news of property cooling measures.
The most expensive resale flat resold was S$1.48 million for a five-room unit at The Pinnacle@Duxton. For non-mature estates, the highest transacted price was S$1.08 million for an executive apartment at Woodlands Street 81.
The data also showed that resale volumes rose to 2,473 units in August, compared with 2,056 the month before. Year on year, resale volumes were 6.4 per cent higher. More than half of HDB resale volumes (59.7 per cent) came from non-mature estates, while the remaining 40.3 per cent were from mature estates.
By room type, 44.6 per cent of volumes were from four-room flats, followed by 22.8 per cent for five-room flats, 26.3 per cent from three-room flats and 6.3 per cent for executive flats.
Resale prices were up 0.6 per cent in August, double the 0.3 per cent growth recorded in July. Year on year, resale prices were up 7.2 per cent.
Flats in mature estates led price gains at 1.3 per cent, while non-mature estate prices rose 0.5 per cent. They were up 7.2 per cent and 7.3 per cent, respectively, on the year.
Larger flats also posted the highest jump in prices. Executive flat prices were up 1.6 per cent and five-room flats grew 1.5 per cent. Four-room flat prices climbed 0.9 per cent, while three-room prices slid 0.4 per cent.
All room types observed an increase in resale prices from the same period last year. Four-room flats led with an 8.2 per cent gain, followed by executive flats (8 per cent), five-room flats (7.2 per cent) and three-room flats (6.3 per cent).
https://www.businesstimes.com.sg/property/record-number-million-dollar-flats-sold-august-hdb-resale-volume-jumps-203